Aug 15, 2020

Operational Risk Associate

  • Wells Fargo
  • Hyderabad, Telangana, India

Job Description

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description
Market Job Description
About Wells Fargo India & Philippines
Wells Fargo India & Philippines (WF I&P) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions. WF I&P operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about WF I&P at our International Careers website.

Department Overview:
Corporate Risk enables all Wells Fargo businesses to identify and manage risk. The team focuses on several key risk areas, including credit risk, operational risk, market risk, reputation risk, and compliance risk. Within Corporate Risk, the Operational Risk Group is responsible for independently overseeing the management of operational risk exposures (including monitoring and reporting on aggregate operational risk exposures across groups, legal entities, geographies and jurisdictions) and the quality of operational risk management practices across the company. Responsibilities of this group include: developing, maintaining, and ensuring adherence to enterprise-wide operational risk frameworks, risk policies, and risk management procedures aligned to approved risk appetite statements.

The Technology, Third Party and Information Risk Oversight (TTIRO) team is an Independent Risk Management (IRM) function within the Corporate Risk Group. TTIRO is accountable for Operational risk oversight of the front lines: Third Party Center of Excellence (COE), Business Continuity and Resiliency, and Wells Fargo Technology, and oversight across the enterprise for technology risk, information security risk, information management risk, third-party risk, and business resiliency and disaster recovery risk.

Objectives include:
  • Overseeing front line adherence to the Wells Fargo Risk Management Framework
  • Maintaining an independent view of the Company's aggregate and material technology risk, information security risk, information management risk, third-party risk, and business resiliency and disaster recovery risk
  • Identifying and providing appropriate operational risk coverage for the organizations in scope and their risk-taking activities
  • Enabling timely, informed and efficient operational risk identification, escalation, reporting, and decision-making

About this role:

The 'Operational Risk Associate' will be responsible for building meaningful insights for aggregating/disaggregating metrics and complex datasets, perform practical business analysis, and develop and present insights in a meaningful and easy to understand manner. He/she should ensure data integrity by identifying the gaps, anomalies and any inconsistencies within the data

  • Developing high-quality, validated, and trusted risk reports that ensures an accurate depiction of risk, risk trends and change-in-risk states
  • Analyzing various data (structured and unstructured) across all lines of business (LOBs), using Cognos, Statistical Analysis System (SAS) and Structured Query Language (SQL).
  • Ensuring that data with production code in Tableau, Cognos, Statistical Analysis System (SAS) are accurate and reporting standards are met.
  • Documenting/summarizing/communicating any limitations with data or logic behind created reports.
  • Collaborating with domain consultants to understand and gather their requirements, and supporting any adhoc information requests.
  • Contribute to efficiency initiatives by automating existing manual processes.
  • Participate in regular meetings as enhancements are made to the reporting to ensure accuracy.

Market Skills and Certifications
Our ideal candidate will clearly demonstrate the following experience, knowledge and/or abilities:
  • Relevant experience of 2-5 years into reporting and analytics.
    • Minimum 2+ years of experience with SQL or other querying languages, scripting languages
    • Minimum 2+ years hands on experience in Base SAS and SAS DI is required
    • Minimum 2+ years hands on experience in Cognos
  • Ability to synthesize complex analytical findings into executive level communications
  • Excellent verbal, written, and interpersonal communication skills
  • Good analytical skills with high attention to detail and accuracy
  • Bachelor's or Master's Degree in computer science, economics, statistics, mathematics or other quantitative field.

  • Data Analytics & Reporting experience in technology risk management, information security, third party, information management risk, compliance, or other risk types
  • Knowledge and experience with technology-related regulatory requirements and frameworks including FFIEC, COBIT, COSO, NIST, ISO a plus
  • Knowledge on Tableau and Advanced Excel (VBA Macros) will be an added advantage
  • Predictive modeling experience - text mining, regression, classification, statistics will be an added advantage
  • Strong ability to work with and influence peers, leaders and team members at all levels and across functional lines.
  • Ability to work independently, as well as in a team environment while establishing and maintaining effective working relationships.
  • Ability to anticipate and ask the right questions to assess all facets of an effort
  • Technology (SAS or Cognos or Tableau) and Risk Management Certifications

We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

Security Clearance

NO Security Clearance

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